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$420,000
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Property Description
Calling All Investors! Located in the sought-after Historic Mozley Park neighborhood, this spacious 4,550 square foot 1938 home sits on a .30-acre lot and is bursting with potential. Currently configured with 9 bedrooms and 3 bathrooms, this property has operated as a successful rent-per-room investment for the past 16 years. Originally a triplex (last used as such in 2009), each unit featured 3 bedrooms and 1 bathroom-making this an ideal candidate for conversion back to a multi-family setup with the proper zoning variance. Though in the historic Mozley Park area, this property is NOT located in a historic preservation zone, giving buyers more flexibility for renovations and development. The neighborhood has seen significant upward growth over the past 3 years, with beautifully renovated homes appearing daily-and its close proximity to the Atlanta BeltLine only adds to the appeal and long-term value. Whether you're looking to restore it as a grand single-family home, reconfigure it as a profitable triplex, or continue its use as a high-yield rental, this is an opportunity you don't want to miss. Currently tenant-occupied, and ready for its next chapter with a little vision and TLC!
Full Property Details
Full Property Details for 240 Wellington St SW
General
- Sold For: $420,000
- Taxes: $6,228 (2024)
- Status: Closed
- Type: Single Family
- Source: GAMLS_Atlanta
- MLS ID: 10629582
- Added to Site: 89 day(s) ago
Interior
- Rooms/Areas: Foyer, Laundry
- Interior Features: Rear Stairs
- Appliances: Electric Water Heater, Microwave, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Upper Floor Baths: 1
- Upper - Full Baths: 1
- Main - Full Baths: 2
Bedrooms
- Total Bedrooms: 9
- Bedrooms Upper: 4
- Bedrooms-Up1: 4
- Bedrooms Main: 5
Other Rooms
- Laundry: Other
Parking
- Parking Features: None
Location
- County: Fulton
- Driving Directions: gps friendly
School Information
- Elementary School: F L Stanton
- Middle School: J. L. Invictus Academy
- High School: Douglass
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Water/Sewer: Public Sewer
Structural Information
- Architectural Style: Victorian
- Construction Status: Resale
- Basement Desc.: Crawl Space
- Roof: Composition
- Stories/Levels: Two
- Living Area: 4,550 Sq. Ft.
- Finished Total: 4,550 Sq. Ft.
- Finished Above Grnd: 4,550 Sq. Ft.
- Year Built: 1938
Lot Features
- Lot Size (Acres): 0.3
- Lot Size Range: .3
- Lot Size Source: Public Records
- Lot Description: Corner Lot
Financial Considerations
- Tax Amount: $6,228
- Tax Year: 2024
Disclosures and Reports
- Block: 3
Listing Courtesy of: Purser Realty
Sold by Maximum One Platinum Realtors
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Schools
Schools serving 240 Wellington St SW
School District:Atlanta City School District
| Name | Grades | Distance |
|---|---|---|
F. L. Stanton Elementary School 1625 Martin Luther King Junior Drive Southwest, Atlanta, GA 30314 | K-5 | 0.4 mi |
John Lewis Invictus Academy 1890 Donald Lee Hollowell Parkway Northwest, Atlanta, GA 30318 | 6-8 | 1.9 mi |
Douglass High School 225 Hamilton E Holmes Drive Northwest, Atlanta, GA 30318 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 240 Wellington St SW
Date
Details
Price
Change
Source
12/30/2025
Sold
$420,000
-8.23%
MLS
10/22/2025
Listed
$457,647
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
240 Wellington Street SW, Atlanta, GA 30314 (MLS# 10629582) is a Single Family property that was sold at $420,000 on December 30, 2025. Want to learn more about 240 Wellington Street SW? Do you have questions about finding other Single Family real estate for sale in Atlanta? You can browse all Atlanta real estate or contact a Coldwell Banker agent to request more information.

